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144 lines
3.0 KiB
144 lines
3.0 KiB
---
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Alias: ["Ocean Protocol (OCEAN)", "OCEAN", "Investment"]
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Tag: ["Data", "🏭", "Marketplace", "AI"]
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Date: 2021-08-17
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DocType: "Investment"
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Hierarchy: "NonRoot"
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TimeStamp: 2022-01-14
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location: [1.336245, 103.8866274]
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Investment:
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Type: "Crypto"
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Style: "Growth"
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Stage: "Early"
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Ccy: USD
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Trading:
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PDate: 2021-03-15
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PPrice: 1.47497
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LPrice: 0.76
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CollapseMetaTable: true
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banner: "![[IMG_1947.jpg]]"
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banner_icon: 💽
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---
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Parent:: [[Crypto Investments|Crypto Investment]]
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---
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```button
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name Edit Investment parameters
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type command
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action MetaEdit: Run MetaEdit
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id EditMetaData
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```
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^button-OceanInvEdit
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```button
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name Save
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type command
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action Save current file
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id Save
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```
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^button-OceanInvSave
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# Ocean Protocol
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```ad-abstract
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title: Summary
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collapse: open
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The OCEAN Protocol is a marketplace for data, with a free-floating price for data packs depending on actual demand for this. Data can range for big data packs for marketing or computing purposes to more qualitatively curated datasets.
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Data/Big data is entering the Blockchain world through that particular project.
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```
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```toc
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style: number
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```
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---
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### Investment thesis
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OCEAN Protocol aims at liberalising, facilitating and monetising the access to large datasets of any kind with a variety of user cases: training AI, feed corporate decision-making, scholar testing of hypotheses; in a era where data consumption is at its highest. The use case of the marketplace is therefore very appealing.
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The token is the utility token of the marketplace and will fluctuate with adoption/traffic. Holding the token may not be the best strategy in this and therefore upside price action potential may not be the most rewarding strategy.
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---
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### Risk profile
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<mark style="background:yellow;color:black">Medium risk</mark>
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The token itself has little utility beyond powering the marketplace and therefore price action may be driven by investor sentiments and fluctuate widely.
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---
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### Tokenomics
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```ad-product
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title: Price update
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OCEAN:USD price = 0.76, volume = 126,444.59, change = 0.00 on 2022-01-14T17:43:02
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```
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The OCEAN token powers the marketplace and will benefit from generated transactions and adoption. However, the token appears to be a simple currency mean and therefore may not hold an intrinsic value. Instead, token holders are encouraged to participate in liquidity pools between dataset-specific tokens and OCEAN to guarantee the liquidity of dataset-linked currencies and increase wealth through staking.
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As described above, staking, which provides a utility to the marketplace, is encouraged.
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---
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### News & corporate activity
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#### Current pipeline
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Data vendors and buyers keep coming to the platform. VW, in Germany, is tge single biggest firm using this particular marketplace.
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#### Innovation
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N/A
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---
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### Further steps
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Further steps are captured in the [[Crypto Tasks|Crypto task list]]
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